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Investment Firms Reminded by ESMA: Crypto to Remain Unregulated in Many Places Despite New Regulations.In a recent announcement, the European Securities and Markets Authority (ESMA) drew attention to crypto assets and emphasized to companies that although regulations are being developed, crypto will continue to lack regulation in many regions. ESMA conveyed the following message:ESMA’s Message Regarding Crypto Assets: Regarding crypto assets, ESMA highlighted that although the Markets in Crypto-Assets Regulation (MiCA) is nearing adoption, it is important to note that crypto assets offered by investment firms will generally remain unregulated in most places until MiCA comes into effect.Also Read This Related: <a href="https://cryptosheadlines.com/eu-regulator-signals-potential-veto-on-large-stablecoins-in-mica-approval-process/" rel="noopener noreferrer nofollow">EU Regulator Signals Potential Veto on Large Stablecoins in MiCA Approval Process</a>ESMA Raises Concerns About Unregulated Products and Services: ESMA has shared its worries regarding the offerings of unregulated products and services. The regulator has identified potential risks related to prudential matters and the protection of investors. Moreover, ESMA believes that clients may be misled about the level of protection they receive.EU Financial Watchdog Reminds Investment Firms to Inform Clients about Regulatory Status: The financial watchdog of the European Union has released a statement to emphasize the importance for investment firms to ensure that their clients are well-informed about the regulatory status of the products they are offering. The purpose of this reminder is to promote transparency and enable clients to make informed decisions. Read Full Article Here: <a href="https://cryptosheadlines.com/eu-regulator-calls-on-crypto-firms-to-disclose-regulatory-status-of-products/" rel="noopener noreferrer nofollow">https://cryptosheadlines.com/eu-regulator-calls-on-crypto-firms-to-disclose-regulatory-status-of-products/</a>

EU Regulator Calls on Crypto Firms to Disclose Regulatory Status of Products

CryptosHeadlines.com

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